Shared by
beno
Fundamentals
-May 08 2020 S-3 for $250m / May 15 effect
Catalysts / News / Painting the picture
-May 27 2020: Reports Positive Interim Data from the Expansion Portion of the XMT-1536 Phase 1 Study
Technical Analysis
-SPY pattern: Afternoon Runner
-Intraday pattern: Afternoon Runner
-Levels: 20, 21, 22, 23
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 22 level
Confluence: Whole $
Strike Zone: 22.2 - 22
Sizing (lots): 3
Risk (stop / Rs): Hold below 22
Review / Lessons Learned
OGT but should have added another lot!!!!
Lessons Learned: Get to full size, especially when PA is near bottom of strike zone (this is where R/R is best!!)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-29 15:18:45 | MRSN | buy | $22.090 | long |
| 2020-05-29 15:18:49 | MRSN | buy | $22.060 | long |
| 2020-05-29 15:19:35 | MRSN | sell | $22.250 | long |
| 2020-05-29 15:21:35 | MRSN | sell | $22.550 | long |
| 2020-05-29 15:21:35 | MRSN | sell | $22.550 | 0 |
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